About Me

Saturday, 17 October 2015

Beat The Drums

There has been
a deal of grim reading around the web this week on the worlds finance, business
and economics. The Automatic Earth and
Zero Hedge have not been pulling their punches.
Meanwhile back in the UK we seem to be happy in our own little la la
lands.

The President
of The Peoples' Republic of China, Mr. Xi Jinping and his wife, Madame Peng Liyuan
are due to arrive shortly to be greeted by The Royal Family and our political
leaders.

Mr. Corbyn is
claimed to be asking about Human Rights, Messrs. Cameron and Osborne are
anxious to be promised lots of loot to go nuclear and possibly a number of
estate agents will have a good week. The
SNP will be giving a standing ovation.

In the
meantime up North we are closing down steel making plants. Hello China, goodbye British steel because
the world markets are now dominated by what goes on in China. For a long time now it has all been go and
expansion and the UK, once the coloniser is now a colony in many respects.

There
is another view on China today and in the future that is shared by
others. This from Quartz says
essentially, that it is all changing now
and we do not know what is going to happen. We have had around thirty years of
a growing China and its wealth that is coming to a halt.

What we do
know is that one of the key services our government offers to overseas clients
is financial operations of several kinds for anyone who wants them. We are still a world centre for this and our
institutions are flush with money moving through British and British related
accounts.

A great deal
of it is money laundering for criminals, embezzlers, tax evaders, drugs cartels
etc. You name it, Britain is doing it
via the City and its dependencies. There
was a time when the words Chinese and Laundry were always together in the
literal sense.

Now it is all
changed and we are doing the dirty washing.
Now thrive the launderers.